Bitget Observes Dogecoin’s 8% Surge Fueled by Institutional Demand and ETF Hype

Dogecoin (DOGE) experienced a notable 8.7% price surge within 24 hours, climbing from $0.255 to $0.271, driven by significant institutional accumulation and speculative ETF interest. Institutional wallets absorbed over 1.08 billion Doge (worth ~$250 million), while trading volume spiked to 2.01 billion DOGE—triple the 30-day average. Technical analysis confirms bullish momentum, with DOGE breaking key resistance and establishing $0.264 as support. Analysts suggest sustained upward potential amid growing corporate and retail interest.

Dogecoin Rallies 8% Amid Institutional Demand and ETF Speculation

Dogecoin surged 8.7% in 24 hours, climbing from $0.255 to $0.271 as institutional wallets accumulated over 1.08 billion DOGE—worth approximately $250 million. Trading volume peaked at 2.01 billion DOGE, nearly triple the 30-day average, signaling strong conviction from corporate buyers.

Technical indicators suggest bullish momentum, with DOGE breaking resistance levels and establishing key support at $0.264. Analysts project a potential rally toward $0.295–$0.315 if the meme coin sustains above $0.277.

ETF speculation adds fuel to the rally, with prediction markets assigning 80% odds to a Dogecoin ETF approval following successful launches of ETH and XRP products. The move reflects growing institutional acceptance of liquid meme coins as treasury assets during macroeconomic uncertainty.

Stellar (XLM) Faces 40% Drop Risk Amid Bearish Signals

Stellar's XLM token shows alarming technical vulnerabilities as bearish divergence patterns emerge. The cryptocurrency hovers near $0.45 while revealing two critical warning signs: a massive cluster of leveraged long positions below current price levels and weakening momentum indicators.

Bitget's liquidation data exposes $79.8 million in long positions concentrated under $0.40, creating potential cascade risks. The dense liquidation zone could amplify selling pressure if triggered, with smaller pockets likely to fall first before reaching the critical $0.40 support.

Daily charts mirror December's 40% collapse, with XLM maintaining price highs while Relative Strength Index (RSI) forms lower highs—a classic divergence pattern. This technical setup suggests waning buying momentum despite apparent price stability, increasing downside potential.